Telegraph back up for sale after Abu Dhabi-backed fund pulls takeover deal
by Henry Saker-Clark
Apr 30, 2024
2 minutes
The gulf state-backed fund behind a takeover of the Telegraph newspaper group has said it will now withdraw and sell on the business after politicians moved to block the deal.
RedBird IMI, an Abu Dhabi-backed fund, last year reached a deal with previous Telegraph owners the family to take control of – by paying off debts owed to their bank, Lloyds.
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